Reddy or not? Oceans Umhlanga takes on water

An artist's impression of the new Oceans Umhlanga development that has ground to a halt. Image: Screenshot

As the construction industry buckles under a stumbling economy, a fallout between the developers and a contractor has grounded a multibillion-rand project in Durban’s upmarket Umhlanga.

Work on Oceans Umhlanga, a project driven by property and business magnate, and ANC backer, Vivian Reddy, and envisaged as the largest mixed-use development in the country, stopped about three weeks ago.